Peru’s government has signaled that it will reject a law from the opposition-controlled Congress to ease terms of tax payment for small and medium-sized businesses. Congress on Thursday unanimously passed Full Article »
Peru’s opposition-controlled Congress is widely criticized for electing two of Keiko Fujimori’s former running mates as directors of the central bank. The Popular Force party which controls 71 seats in Full Article »
Peru’s government has submitted a fiscal budget for 2017 which expands spending by 4.7% to drive economic growth and improve government services. Cabinet chief Fernando Zavala presented to Congress last week a budget featuring significant spending increases in government Full Article »
Peru’s new finance minister outlined his plan to boost formalization in labor markets, which does not include changing the country’s rigid labor regulation. In his inaugural address, President Pedro Pablo Full Article »
Peru’s economic growth in 2016 is developing slightly lower than economists’ expectations due to a collapse in oil production and fishing. Peru’s statistical agency, INEI, released data showing the economy Full Article »
Inflation data in Peru showed prices in May picked up slightly since April but continued a downward trend with an annualized rate of 3.5%. Peru’s INEI statistical agency said that Full Article »
Index-fund provider MSCI has kept the Southern Copper stock in the Peru universe, a move which indicates Peru will remain classified as an “emerging market.” Southern Copper is one of Full Article »
A new economic report predicts that Peru’s informal sector will remain a significant part of the national economy until at least 2050. Peru’s state planning agency published a report forecasting Full Article »
The Pacific Alliance free trade agreement eliminates member countries’ tariffs on 92% of imports and exports with the aim of developing regional value chains. The free trade agreement for the Full Article »
President Ollanta Humala signed a decree to raise Peru’s monthly minimum wage from $223 to $253 on Wednesday. Humala announced the 13% increase today at an event in the southern Full Article »
